Mirion Technologies (NYSE:MIR) Now Covered by Morgan Stanley

Equities research analysts at Morgan Stanley initiated coverage on shares of Mirion Technologies (NYSE:MIR) in a report released on Friday,Benzinga reports. The firm set an “equal weight” rating and a $29.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 8.57% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Northland Securities increased their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Citigroup lowered their price objective on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. JPMorgan Chase & Co. boosted their target price on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Robert W. Baird raised their price target on Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Mirion Technologies has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Mirion Technologies Trading Down 0.3%

NYSE:MIR opened at $26.71 on Friday. Mirion Technologies has a 1 year low of $12.00 and a 1 year high of $30.28. The stock’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $23.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. The company has a market cap of $6.78 billion, a P/E ratio of 242.84 and a beta of 0.95.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $222.17 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, analysts expect that Mirion Technologies will post 0.39 EPS for the current year.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is owned by insiders.

Institutional Trading of Mirion Technologies

Several hedge funds have recently added to or reduced their stakes in MIR. Vanguard Group Inc. grew its stake in shares of Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after buying an additional 6,651,735 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Mirion Technologies by 174,900.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after acquiring an additional 17,490,000 shares during the period. Cooperman Leon G grew its position in Mirion Technologies by 17.7% during the 3rd quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock worth $194,999,000 after acquiring an additional 1,258,441 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Mirion Technologies by 40.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after purchasing an additional 1,558,104 shares during the period. Finally, UBS Group AG lifted its position in Mirion Technologies by 181.4% in the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after purchasing an additional 3,092,136 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.